LULU - Down 44% Should You Buy the Dip in This Growth Stock?
2024-07-20 04:15:00 ET
Oh, how the mighty have fallen. Since hitting a record of $511.29 at the end of 2023, share prices of Lululemon Athletica (NASDAQ: LULU) have cratered 44%. This is despite the S&P 500 generating an impressive 18% total return during the same period.
To be clear, this apparel stock has still been a massive market outperformer in the past decade (up 650%). However, investors have become pessimistic about the state of the business.
What's the best course of action? Should you buy the dip in this growth stock ? Let's assess both the bear and bull arguments for Lululemon and see if an answer presents itself.
For further details see:
Down 44%, Should You Buy the Dip in This Growth Stock?